Stocks Poised to Make Moves on Tuesday

The stock futures slipped on Tuesday after the S&P 500, which had risen by 0.7% on Monday, exited the correction territory. Investors are becoming more convinced that the Federal Reserve has finished raising interest rates.

Here are the key stocks that are expected to make moves on Tuesday:

Nvidia (NVDA)

Analysts predict that Nvidia will report third-quarter adjusted earnings of $3.37 per share, with revenue amounting to $16.19 billion. The chip maker is scheduled to announce its earnings after the close of trading on Tuesday. Investors are particularly interested in hearing about Nvidia’s progress in alleviating supply constraints to meet the increasing demand, especially for graphic processing units. Currently, the stock is up by 0.2% in anticipation of the earnings report.

Microsoft (MSFT)

Microsoft saw a premarket trading rise of 0.3% after a 2% increase in stock price on Monday, reaching a record high of $377.44. This surge followed the announcement that Sam Altman, former CEO of OpenAI, and Greg Brockman, former President of OpenAI, would both be joining Microsoft to lead a new advanced artificial intelligence research team.

Zoom Video Communications

Zoom Video Communications reported better-than-expected third-quarter earnings and revenue and also raised its fiscal-year outlook. The video teleconferencing company anticipates revenue for the fiscal year to be approximately $4.5 billion, with adjusted earnings ranging between $4.93 and $4.95 per share. This forecast is higher than the previous guidance of $4.63 to $4.67 per share. Zoom Video shares, however, experienced a slight decline of 0.3%.

Stay informed and keep an eye on these stocks as they continue to make moves throughout the day.

Agilent Technologies Beats Analysts’ Earnings Estimates

Agilent Technologies (A), a leading manufacturer of laboratory instruments, has reported its fiscal fourth-quarter adjusted earnings and revenue, surpassing analysts' expectations. As a result, shares of the company have risen by 6.2%.

Keysight Technologies Exceeds Expectations in Fourth-Quarter Earnings Report

Keysight Technologies (KEYS), a test equipment manufacturer, has announced its fiscal fourth-quarter earnings, which have exceeded expectations. The company remains optimistic about its strategic customer engagement and its ability to seize opportunities across different markets. Consequently, shares of Keysight Technologies have increased by 2.3%.

Symbotic Reports Impressive Fourth-Quarter Performance, Expects Strong Revenue Growth

Symbotic (SYM), a robotics warehouse automation company, has experienced a remarkable surge in its stock price by 21% following positive results from its fiscal fourth-quarter. The company witnessed a 25% increase in revenue and achieved its first quarter of adjusted profit. Moreover, Symbotic anticipates first-quarter revenue between $350 million and $370 million, surpassing both last year's figures and analysts' forecasts.

Upcoming Earnings Reports from Prominent Companies

On Tuesday, various prominent companies will be releasing their earnings reports. The list includes Lowe's (LOW), Medtronic (MDT), Analog Devices (ADI), Autodesk (ADSK), Baidu (BIDU), HP Inc. (HPQ), Best Buy (BBY), Dick's Sporting Goods (DKS), American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Kohl's (KSS), Nordstrom (JWN), and Urban Outfitters (URBN).